2007
Mar.23, 2007
Minebea Co., Ltd.
South East Asian Region Sales Headquarters functions to be Moved to Thailand
The Board of Directors decided on March 23, 2007 to move the South East Asian Region Sales Headquarters functions, which is currently located in Singapore, to Thailand in the coming term (ending March 2008). Consequently, Minebea Technologies Pte. Ltd. will be liquidated following the move.
The Company is currently providing bearings, bearing-related products, motors, other electronic devices and components, etc manufactured at its plants in Thailand, China and Singapore, etc to customers of South East Asian region (mainly Singapore, Thailand, Malaysia, Philippines, Indonesia, India, etc) via its fully-owned Singaporean subsidiary Minebea Technologies Pte. Ltd. However, the top-selling products are those that are manufactured at the Thai plant, which is the largest of the Company's production bases, and there is an increasing demand for the South East Asian Region Sales Headquarters to assume a role in providing an interface between the Company's customers and the Thai plant. South East Asian Region Sales Headquarters functions will be moved to Minebea Thai Ltd., which operates the Thai plant, during the coming term in order to facilitate such activities as well as to further expand sales in the South East Asian region and provide more responsive customer support. Minebea Technologies Pte. Ltd. will be liquidated upon completion of the move. Sales functions within Singapore will be transferred to NMB Singapore Ltd., the production company, which will then handle issues related to customer support in the Singapore area.
In conjunction with the liquidation of Minebea Technologies Pte. Ltd., the Company will purchase the shares of its subsidiary, Minebea Technologies Taiwan Co. Ltd., at a fair price and will liquidate the defunct Micaltronics Pte. Ltd. at the same time.
At this point it is difficult to calculate the impact of the restructuring on the Company's consolidated and non-consolidated results, but it is expected to be negligible.
- Supplementary Information
Outline of Corporation in Singapore
Minebea Technologies Pte. Ltd.
Representative: Koichi Dosho
Date of Establishment: August 1992
Capital: SGD 40,000,002
Sales: USD 263 million (fiscal year ending March 2006)
Principal Business: Sale of products produced by Minebea group (in Southeast Asia)
Shareholder: Minebea 100%
Outline of Corporation in Taiwan
Minebea Technologies Taiwan Co., Ltd.
Representative: Toshifumi Fukawatase
Date of Establishment: July 1973
Capital: TWD 89,791,000
Sales: TWD 2,623 million (fiscal year ending March 2006)
Principal Business: Sale of products produced by Minebea group
Outline of Corporation in Singapore
Micaltronics Pte. Ltd.
Representative: Hiromi Yoda
Date of Establishment: July 1980
Capital: SGD 7 million
Dormant Company
Outline of Corporation in Thailand
Minebea Thai Ltd.
Representative: Morihiro Iijima
Date of Establishment: May 1984
Capital: THB 8,381 million
Sales: THB 29,005 million (fiscal year ending March 2006)
Principal Business: Manufacture of products of Minebea group
Shareholder: Minebea 100%
Outline of Corporation in Singapore
NMB Singapore Ltd.
Representative: Morihiro Iijima
Date of Establishment: February 1972
Capital: SGD 38 million
Sales: SGD 99 million (fiscal year ending March 2006)
Principal Business: Manufacture of products of Minebea group
Shareholder: Minebea 100%
| Company Name: | Minebea Co., Ltd. |
|---|---|
| Representative: | Takayuki Yamagishi Representative Director, President and Chief Executive Officer (Code No. 6479 TSE Div. No. 1) |
| Contact Person: | Sakae Yashiro Managing Executive Officer Deputy Chief of Administration Headquarters (TEL. 81-3-5434-8611) |
Product information, contact and other context are subject to change without prior notice.
